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BancorBancorby0xdfCAD9Da6649a47D808a30A7707de5a54aA0aa210xdfCA…aa21

Proposal to expand Custom Taker Fee on Stable to Stable Trades

Voting ended about 2 years agoSucceeded

TL;DR

A previous proposal was brought up to the Bancor DAO that set a 0.001% fee on stable to stable trades for certain trading pairs.

This proposal is looking to expand that list with other possible combinations of those five (USDC, USDT, DAI, FRAX, LUSD) tokens.

Overview:

The default taker fee on Carbon is .2% which means that anyone taking an order from the protocol has to pay this amount. A previous proposal:

https://gov.bancor.network/t/custom-taker-fee-on-stable-to-stable-trades/4370

was brought up to the Bancor DAO to lower this fee to 0.001% on stable to stable trades for certain trading pairs in order to make Carbon more competitive with stable to stable swaps that are normally lower across all DEXs.

This list currently encompasses the following trading pairs:

  • USDC/USDT
  • USDC/DAI
  • USDC/FRAX
  • USDC/LUSD
  • USDT/DAI

But left out other possible combinations between these five tokens:

  • USDT/FRAX
  • USDT/LUSD
  • DAI/FRAX
  • DAI/LUSD
  • FRAX/LUSD

This proposal is seeking to expand the custom taker fee to these other stable pairs.

FOR: Update the taker fee to .001% on the following trading pairs USDT/FRAX, USDT/LUSD, DAI/FRAX, DAI/LUSD, FRAX/LUSD

AGAINST: Take no Action

Off-Chain Vote

For
518.68K vBNT20.6%
Against
4.2K vBNT0.2%
Abstain
2M vBNT79.3%
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Timeline

Dec 27, 2023Proposal created
Dec 31, 2023Proposal vote started
Jan 03, 2024Proposal vote ended
Jan 03, 2024Proposal updated